Global Community and Individual Services Market Research Report 2022

DUBLIN, August 18, 2022 /PRNewswire/ — The “Global Community and Individual Services Market Opportunities and Strategies to 2031” report has been added to from ResearchAndMarkets.com offer.

This report describes and assesses the global community and individual services market. It covers 2016-2021, called historical period, and 2021-2026, called forecast period, as well as other forecasts for the period 2026-2031.

The global market for collective and individual services reached a value of almost $1,249.3 billion in 2021, after growing at a compound annual growth rate (CAGR) of 5.5% since 2016. The market is expected to grow from $1,249.3 billion in 2021 for $1,955.4 billion in 2026 at a rate of 9.4%. The market is then expected to grow at a CAGR of 9.5% from 2026 and reach $3,078.6 billion in 2031.

Growth over the historical period has resulted from the increase in the aging population, strong economic growth in emerging markets, technological development and mobile applications, and government funding for community care. Factors that negatively affected growth during the historical period were lack of funding for social services, insufficient training of caregivers, and low wage growth in developed economies.

Going forward, the preference for living in the community, the rapid growth of the aging population, changing lifestyles, improved access to health care and rising household incomes will drive market growth. Factors that may hamper the growth of the community and individual services market in the future include skilled labor shortages.

The community and individual services market is segmented by type into community food, housing and relief services, individual and family services. The individual and family services market was the largest segment of the community and individual services market segmented by type, accounting for 63.8% of the total in 2021 and the community food, housing and relief services segment is expected to be the fastest growing segment in the future. , at a CAGR of 7.2% over the period 2021-2026.

The community and individual services market is segmented by offline and online mode. The offline market was the largest segment of the community and individual services market segmented by mode, accounting for 80.7% of the total in 2021 and the online segment is expected to be the fastest growing segment in the future, with a CAGR of 15.5% in 2021-2026.

The community and individual services market is segmented by application into food stamp program, disaster relief services, adoption services and self-help. The food stamp programs market was the largest segment of the community and individual services market segmented by application, accounting for 37.4% of the total in 2021 and the adoption services segment is expected to be the fastest growing segment going forward, with a CAGR of 10.2% during 2021-2026.

Western Europe was the largest region in the global utility and individual services market, accounting for 47.1% of the total in 2021. It was followed by Asia Pacific, North America, then the other regions. Going forward, the fastest growing regions in the utility and individual services market will be Eastern Europe and Asia Pacific, where growth will be at CAGRs of 12.3% and 11.7% respectively. These will be followed by Africa and Middle Eastwhere the markets are expected to grow at CAGRs of 11.2% and 10.5% respectively, during the period 2021-2026.

The market for collective and individual services is very fragmented, with a large number of small players. The top ten market competitors accounted for 1.11% of the total market in 2020. Major market players are World Food Program, Unicef, Sanctuary Housing, Food For Poor, Bill & Melinda Gates Foundation, WK Kellogg Foundation Trust , THE SALVATION ARMY INTERNATIONAL TRUST, Seacor Holdings Inc.

The best opportunities in the community and individual services market segmented by type will arise in the individual and family services segment, which will gain $518.1 billion of global annual sales by 2026. The best opportunities in the mode-segmented utility and individual services market will arise in the offline segment, which will gain $450.1 billion global annual sales by 2026. The best opportunities in the community and individual services market segmented by application will arise in the adoption services segment, which will gain $275.8 billion global annual sales by 2026.

Market trend driven strategies for community and individual services market include adult day care going high tech, data driven approach to human services, online funding platforms to support social initiatives , autism care centers, telehealth to improve underserved community services, individualized service plans, adoption of electronic health records (EHRs) and artificial intelligence (AI) in child care management .

To take advantage of opportunities, The Business Research Company recommends that community and individual service companies focus on technology-enabled services, focus on providing online finance services, invest in care services services, to focus on emerging markets, to offer services at competitive prices, to provide affordable digital care services, focusing on the elderly population and prioritizing childcare services.

Companies cited

  • world food program
  • UNICEF
  • Sanctuary housing
  • Food for the poor
  • Bill & Melinda Gates Foundation

Main topics covered:

1. Executive Summary of Community and Individual Services Market

2. Table of Contents

3. List of Figures

4. List of tables

5. Structure of the report

6. Presentation
6.1.1. Segmentation by geography
6.1.2. Segmentation by type
6.1.3. Segmentation by mode
6.1.4. Segmentation by application

7. Characteristics of the community and individual services market
7.1. Market definition
7.2. Segmentation by type
7.2.1. Community food, housing and relief services
7.2.2. Individual and family services
7.3. Segmentation by mode
7.3.1. Offline
7.3.2. On line
7.4. Segmentation by application
7.4.1. Food stamp program
7.4.2. Disaster relief services
7.4.3. Adoption Services
7.4.4. Self-help

8. Community and Individual Services Market, Product/Service Analysis – Product/Service Examples

9. Community and Individual Services Market, Supply Chain Analysis
9.1.1. Resources
9.1.2. Community and Individual Service Providers
9.1.3. end users

10. Community and Individual Services Market Customer Information
10.1. Increase in donations when taken into account in the annual budget
10.2. Participate and donate to charity in community service
10.3. Shelter people due to COVID-19
10.4. Government assistance for homeless people

11. Community and Individual Services Market Trends and Strategies
11.1. Adult daycare goes high tech
11.2. Data-driven approach to human services
11.3. Online funding platforms to support social initiatives
11.4. Autism care centers
11.5. Telehealth to improve underserved community services
11.6. Custom Service Plans
11.7. Adoption of Electronic Health Records (EHR)
11.8. Artificial Intelligence (AI) in child care management

12. Impact of COVID-19 on the Community and Individual Services Market
12.1. Introduction
12.2. Change in demand for services for older people and people with disabilities
12.3. Increase in demand for home care services
12.4. Increased demand for medical relief
12.5. Business impact
12.6. Future prospects

13. Global Community and Individual Services Market Size and Growth
13.1. Market size
13.2. Historical Market Growth, 2016 – 2021, Value (USD Billion)
13.2.1. Market drivers 2016 – 2021
13.2.2. Market Constraints 2016 – 2021
13.3. Market Growth Forecast, 2021-2026, 2031F Value ($ Billion)
13.3.1. Market Drivers 2021 – 2026
13.3.2. Constraints on the market 2021 – 2026

14. Community and Individual Services Market, Regional Analysis
14.1. Global Community and Individual Services Market, by Region, Historical & Forecast, 2016-2021, 2026F, 2031F, Value (USD Billion)
14.2. Global community and individual services market, 2016-2026, historical and forecast, by region
14.3. Global Community and Individual Services Market, 2021-2026, Growth and Market Share Comparison, by Region

For more information on this report, visit https://www.researchandmarkets.com/r/5ry99x

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SOURCE Research and Markets

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